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Cost of Living in
Miami

Living cost is 20% higher than avg
Families spend upto $10,635/mo on avg
Homeowners spend $9,461/mo on avg
Renters spend $7,369/mo on avg

Cost of Living in
Miami

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A Breakdown of the Cost of Living in Miami, FL

U.S. Avg.

Miami, FL

Difference Diff

Home Price

$358,401

$710,931

98%

Apartment Rent (per month)

$1,367

$3,495

156%

U.S. Avg.

Miami, FL

Difference Diff

Phone (per month)

$219.4

$198.51

10%

Total Energy (per month)

$200.23

$226.24

13%

U.S. Avg.

Miami, FL

Difference Diff

Grocery Staples

Corn Flakes (per box)

$6.79

$6.26

Frozen Corn (per bag)

$2.41

$2.4

Frozen Meal (per package)

$4.85

$4.25

12%

Cooking Oil (per bottle)

$6.16

$9.27

50%

Detergent (per bottle)

$19.51

$21.53

10%

Facial Tissues (per box)

$2.85

$2.83

Sweet Peas (per can)

$1.83

$2.05

12%

Sugar (per bag)

$4.66

$5.5

18%

Bread (per loaf)

$3.87

$4.85

25%

Frying Chicken (per lb)

$1.64

$1.48

10%

Meat & Poultry

Chicken (per lb)

$1.71

$1.53

11%

Steak (per lb)

$14.54

$16.66

15%

Sausage (per lb)

$5.23

$6.09

16%

Ground Beef (per lb)

$8.61

$8.02

Snacks & Beverages

Soft Drink (per bottle)

$3.45

$3.44

Potato Chips (per bag)

$5.54

$4.61

17%

Coffee (per lb)

$6.55

$6.3

Fresh Orange Juice (per half gallon)

$5.22

$5.1

Fruits & Vegetables

Peaches (per can)

$4.4

$3.16

28%

Lettuce (per head)

$1.98

$2.01

Bananas (per lb)

$0.64

$0.8

25%

Potatoes (per bag)

$5.58

$5.49

Dairy & Eggs

Parmesan Cheese (per lb)

$4.69

$5.29

13%

Margarine (per lb)

$1.3

$1.82

40%

Eggs (per dozen)

$3.98

$4.72

19%

Whole Milk (per gallon)

$4.08

$4.88

20%

Seafood

Chunk Light Tuna (per can)

$1.22

$1.43

17%

U.S. Avg.

Miami, FL

Difference Diff

Tire Balance (per tire)

$70.23

$60.48

14%

Gasoline (per gallon)

$2.9

$3.22

11%

U.S. Avg.

Miami, FL

Difference Diff

Doctor Visit (per visit)

$116.03

$124.11

Dentist Visit (per visit)

$145.11

$106.85

26%

Ibuprofen (per bottle)

$12.38

$11.92

Prescription Drug (per month)

$20.8

$18.63

10%

Optometrist Visit (per visit)

$95.27

$94.7

U.S. Avg.

Miami, FL

Difference Diff

Women’s Slacks

$35.43

$32.17

Boys’ Jeans

$29.47

$25.41

14%

Men’s Shirt

$39.36

$32.47

18%

Wine (per bottle)

$7.51

$11.38

52%

Beer (per 6-pack)

$11.17

$11.73

Veterinary Services (per visit)

$65.33

$70.33

Tennis Balls (per pack)

$3.59

$4.06

13%

Yoga (per class)

$12

$28.43

137%

Movie (per ticket)

$11.67

$17.61

51%

Newspaper (per copy)

$19.31

$12.42

36%

Washer Repair (per service)

$109.47

$81.09

26%

Women Slacks

$34.88

$32.79

Boy Jeans

$29.51

$27.12

Man Dress Shirt

$39.05

$30.14

23%

Dry Cleaning (per item)

$13.45

$23.99

78%

Shampoo (per bottle)

$1.55

$1.78

15%

Toothpaste (per tube)

$3.64

$4.02

10%

Beauty Salon (per visit)

$47.5

$81.4

71%

Haircut (per cut)

$27.08

$24.01

11%

Fried Chicken (per serving)

$4.37

$5.4

24%

Pizza (per pizza)

$11.99

$15

25%

Hamburger (per serving)

$5.28

$6.25

18%

Welcome to the 305—where the cost of living is 20% higher than the national average. Miami's tropical weather, beach access, and 24/7 nightlife make it the #51rd-most expensive city in the US. With Brickell hosting over 300 financial firms and Miami International Airport serving as a key gateway to Latin America, demand for housing and services in the city pushes prices well above the US median.

Housing is 34% higher than the national median. The median home price in Miami, Florida, is $710,931, which is significantly higher than the national median of $441,526. If you're buying a new house in Miami, plan to put down 15–20% of the home price upfront as a down payment. On top of that, monthly mortgage payments run 35% to 45% higher than the national average.
Renting in Miami is 155.67% higher than the national average of $1,530. A one-bedroom apartment in Miami costs around $3,495 per month, while a two-bedroom can average $3,127. But even with those high prices, don't expect dedicated parking spots or a house with a backyard in Miami.
Utilities are 3% higher than the national average. But that's before hurricane insurance, which costs between $1,800 and $3,000 per year, depending on your location and home type. HOA fees range from $300 to $550 per month, which varies by building and zip code. Miami's salt air and stucco walls also mean ongoing maintenance costs in coastal neighborhoods.
Food prices in Miami are 7% higher than the US median. A gallon of milk costs roughly $4.88, compared to $4.30 in Los Angeles or $4.10 in Tampa. If you're a family of four, you can expect to spend $1,200 to $1,500 each month on groceries. If you're a single adult, you might spend around $400 to $600 per month, depending on your eating habits.
Transportation costs are 6.38% higher than the US average. The gas cost in Miami is $3.22 per gallon, which is 5% higher than Los Angeles at $3.75, and 7% above New York City at $3.70. Monthly car insurance premiums average $210 in Miami, 15% higher than the national average of $183. Add parking fees, tolls, and regular car maintenance, and the cost of getting around Miami quickly adds up.
Healthcare costs in Miami are 20.25% higher than the national average. A routine check-up is $124.11, compared to $120 in New York City or $125 in San Francisco. So, Miami is a more affordable option for basic healthcare compared to major coastal cities. If you sprain your ankle catching a wave off South Beach, expect an ER visit to cost around $2,500 without insurance.
Miscellaneous expenses are 3.95% higher than the national average. This covers weekend beach gear, gym memberships (averaging $90 to $150 per month), and occasional brunches in Wynwood. A family day at Zoo Miami costs up to $140, while date nights in Coral Gables may exceed $100.

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Is Living in Miami, FL Too Expensive?

Yes, Miami is expensive to live in. It's not affordable for most middle-class families. The overall cost of living in Miami, Florida, is 20 %higher than the national average. Housing costs are one of the biggest contributors, sitting 38% above the US median.

With a budget of $700K, you'll get a townhouse in Miami with street parking. In contrast, the same amount buys a modern home in Raleigh or a house with a backyard in Austin. Rising food prices, utility costs, transportation, and miscellaneous expenses only add to the strain.

Housing in Miami

Housing in Miami is 34% higher than the national average, with steep mortgage payments and HOA fees pushing monthly costs even higher. Renters aren't spared either—rents are 155.67% higher than the average, with one-bedrooms often priced above $2,800. Here's what you can expect to pay, whether you're buying or renting in Miami

For young adults or single people, homes in Kendall or Westchester are popular picks, as they offer direct access to the Metrorail and everyday conveniences like Target, Costco, and Dadeland Mall. Homes here average around $702,435. At that price, your mortgage payments will range from $3,500 to $4,000 per month, excluding insurance and taxes. If you're working with a tighter budget, condos in Little Havana or North Miami offer more affordable entry points, typically between $300,000 and $450,000.
If you're a married couple with young children (under 6), expect to pay between $500,000 and $800,000 for a three-bedroom home in Pinecrest, Palmetto Bay, or other family-friendly neighborhoods. Homes with backyards in Miami Shores are a popular choice for families. Schools like Miami Shores Elementary and Shenandoah Middle School are highly rated for their academic and extracurricular programs.
For married couples with older children (ages 6 to 17), you can find multi-family homes in Miami for $600,000 to $1 million. Patio homes in Weston, Doral, and other family-friendly suburbs offer outdoor spaces, as well as access to top schools like Cypress Bay High in Weston and Ronald W. Reagan/Doral High in Doral.

Renting a House in Miami:

Renting in Miami costs 155.67% higher than the national average. While the typical US rent sits around $1,200 per month, Miami renters pay upwards of $2,450, depending on the neighborhood and home size. Let’s break down average rental costs across the city:

If you’re a young adult or single, rent for a two-bedroom apartment in Wynwood or Edgewater is around $3,000 per month. Wynwood is popular for its street art, galleries, and lively nightlife, while Edgewater offers waterfront parks and rapid commutes to Miami’s business district. If you want more affordable options, you can look at homes in North Miami or Little Havana, which range from $2,500 to $3,000 monthly. These neighborhoods provide easy access to Metrobus and Metrorail lines.
If you’re a married couple with young children (under 6), you can expect to pay between $3,500 and $5,000 per month for a two-bedroom house in Pinecrest, Coconut Grove, or other family-friendly neighborhoods. They offer amenities like playgrounds, recreational centers, and quality schools. Pinecrest is home to Pinecrest Elementary, while Coconut Grove boasts a tight-knit community and plenty of parks.
For families with older children (ages 6 to 17), renting a three-bedroom home in Weston or a four-bedroom in Coral Gables typically costs between $4,000 and $6,000 per month. Rentals near top schools tend to be at the higher end of this range.
If you’re downsizing, you could spend $2,500 to $3,000 per month renting one- or two-bedroom condos in Aventura, North Miami Beach, or Sunny Isles Beach. These neighborhoods offer practical condos and easy access to shopping centers and healthcare facilities. Seniors often prefer tiny homes in Miami, since they provide a low-maintenance, stress-free lifestyle.
International students should budget about $3,000 per month for a three-bedroom apartment in Miami. In fact, sharing apartments in Sweetwater, Westchester, or other student-friendly areas can reduce your rent costs by 20% to 30%.

Utility Costs in Miami, FL

Food & Groceries in Miami, FL

Transportation in Miami, FL

Healthcare in Miami, FL

Healthcare costs in Miami are 20.25% higher the national average, giving your wallet a break in an otherwise costly city. However, medical bills for things like broken bones or wisdom teeth extractions can still add up fast. Here's a breakdown of medical costs in Miami:

Doctor Visit — $124.11+ per visit: Routine care in Miami averages about $124.11 per visit. Common reasons for seeing a doctor, like cold and flu symptoms, blood pressure checks, or prescription refills, typically fall within this range. Depending on the provider, more specialized visits, such as dermatology or follow-ups for chronic conditions, may cost a bit more.
Dentist Visit — $106.85+ per visit: This covers routine cleanings and exams. A basic dental cleaning costs around $106.85, while a cavity filling may run $150–$200. Compared to cities like New York ($135 for a cleaning) or Los Angeles ($125 for a cleaning), Miami remains relatively affordable. Even minor procedures like X-rays or fluoride treatments tend to be 5–10% below national averages.
Optometrist Visit — $94.7+ per visit: Routine eye exams in Miami cost about $94.7, slightly below the national average of $140. This price includes vision checks and prescription updates. Specialized services—like contact lens fittings or treatment for eye conditions—can add $50 to $150 more.
Prescription Drugs — $18.63+ per package: For chronic conditions like high blood pressure, a month's supply of Lisinopril can cost $12–$20 without insurance. Treating type 2 diabetes with Metformin costs $15–$35 per month. For short-term needs, a common antibiotic like Amoxicillin may cost $20–$30.
Over-the-Counter Meds — $11.92+ per package: Everyday essentials like ibuprofen, allergy relief, and cold medications like DayQuil or Mucinex average $10 to $13 per package. Whether you're nursing a sunburn, fighting off spring pollen, or dealing with that infamous I-95 commute headache, a well-stocked medicine cabinet goes a long way.

Healthcare in Miami is more affordable than in major cities like New York, Los Angeles, and San Francisco. The city’s warm climate and active lifestyle can also help reduce certain health-related expenses, such as respiratory issues, joint pain, or seasonal affective disorder. Whether you need regular check-ups, braces, or an unexpected urgent care visit, Miami’s low healthcare costs help ease the overall financial burden.
It’s a good idea to get health insurance, as the average cost of a doctor's visit in Miami is around $150*. The monthly premium of a health insurance plan in the city typically ranges between $500* and $913*.

*Disclaimer: These figures are averages and can vary based on individual circumstances and specific insurance providers. It's recommended to compare plans and consult with insurance professionals to find the best coverage for your needs.

Miscellaneous Costs in Miami, FL

What Salary Do You Need to Live in Miami, FL

The average income in Miami, Florida, is 20% higher. But to live comfortably, you'll need at least $75,000 to $100,000 per year, depending on your lifestyle and household size. The nightlife may be non-stop, but so are the utility bills, childcare costs, and rent hikes.

Liveable salary for a Homeowner—$113,532 a year: This covers rent, groceries, utilities, and basic transportation. But if your weekends are filled with Ubers and impulse brunches, you'll probably need more.

Liveable salary for Renters—$88,428 per year: Now, add childcare, a larger home, and everyday bills to the mix. Even with two incomes, families will need serious budgeting to keep up.

Liveable salary for a family with older kids (6 to 17 years)—$127,620 per year: School supplies, extracurriculars, and rising grocery bills make this the most expensive stage of life. You'll need a six-figure income to guarantee stability and comfort in Miami.

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What is a Cost of Living Calculator?

A cost of living calculator helps you compare the expenses required to live in a different location. It considers major living costs such as housing, groceries, utilities, transportation, healthcare, fitness, and entertainment, and estimates how much income you would need to maintain your lifestyle in that city. Because the cost of goods and services varies across the country, a Miami, Florida cost of living calculator can help you understand whether moving to Miami fits your budget and financial goals.

About Cost of Living Data

The data used to determine Miami’s cost of living is sourced from the Council for Community and Economic Research (C2ER). Published since 1968, COLI data is recognized by the U.S. Census Bureau and the Bureau of Labor Statistics. This organization regularly updates its data to offer a detailed and well-researched view of living expenses in cities across the country. An independent Advisory Board reviews C2ER’s data collection methodologies and quarterly publications to ensure consistency and quality.

For more information, visit www.coli.org. Data published as of Mar 20.

Frequently Asked Questions

How much is gas in Miami?

The cost of gas in Miami averages around 3.22 per gallon. Prices may rise during hurricane season or around high-traffic periods like weekends or festivals. Additionally, congestion on I-95 and other major routes can lead to longer drives and more frequent fill-ups.

Is Miami a good place to live?

Yes, Miami is a good place to live if you value warm weather, coastal living, and cultural diversity. It also has major airports like MIA and top-ranked healthcare at Jackson Memorial Hospital. Neighborhoods like Coral Gables and Brickell have renowned school districts.

What is the average cost of living in Miami?

The average cost of living in Miami, Florida, is 20% higher than the national average. Brickell and South Beach are expensive, while Westchester, Little Haiti, and Kendall are among the cheapest places to live in Miami, FL.

What is the average rent in Miami?

A one-bedroom apartment in Miami typically rents for $2,300 to $3,200 per month. However, premium neighborhoods like Wynwood and Downtown Miami cost more, as they offer amenities like pools, fitness centers, and rooftop terraces. In addition, many buildings offer 24-hour security and on-site concierge services.

How much is a 2-bedroom apartment in Miami?

A two-bedroom apartment in Miami costs between $3,200 and $4,000 per month. Expect higher rents for beach views or luxury buildings in Edgewater, Coral Gables, or Midtown.

What is the average price of utilities in Miami?

Utilities in Miami range from $150 to $230 per month. This includes electricity, water, sewer, and trash, with higher costs during summer due to constant air conditioning use.

How much is child care in Miami?

If you're moving to Florida, expect childcare costs to range between $900 to $1,300 per month for toddlers. Prices vary by area, with daycare centers in Coconut Grove and Brickell costing more than in-home care setups in Hialeah and Little Havana.

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Cost of Living in
Miami

Cost of Living in
Miami

Enter the city you're moving from

A Breakdown of the Cost of Living in Miami, FL

Find your
dream home in Miami, FL

Is Living in Miami, FL Too Expensive?

Housing in Miami

Renting a House in Miami:

Utility Costs in Miami, FL

Food & Groceries in Miami, FL

Transportation in Miami, FL

Healthcare in Miami, FL

Miscellaneous Costs in Miami, FL

What Salary Do You Need to Live in Miami, FL

Is Miami, FL Too Expensive? Find Homes in Miami, FL as Per Your Budget

What is a Cost of Living Calculator?

About Cost of Living Data

Frequently Asked Questions

How much is gas in Miami?

Is Miami a good place to live?

What is the average cost of living in Miami?

What is the average rent in Miami?

How much is a 2-bedroom apartment in Miami?

What is the average price of utilities in Miami?

How much is child care in Miami?

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Cost of Living in Miami

Cost of Living inMiami

Enter the city you're moving from

A Breakdown of the Cost of Living in Miami, FL

Find your dream home in Miami, FL

Is Living in Miami, FL Too Expensive?

Housing in Miami

Renting a House in Miami:

Utility Costs in Miami, FL

Food & Groceries in Miami, FL

Transportation in Miami, FL

Healthcare in Miami, FL

Miscellaneous Costs in Miami, FL

What Salary Do You Need to Live in Miami, FL

Is Miami, FL Too Expensive? Find Homes in Miami, FL as Per Your Budget

What is a Cost of Living Calculator?

About Cost of Living Data

Frequently Asked Questions

How much is gas in Miami?

Is Miami a good place to live?

What is the average cost of living in Miami?

What is the average rent in Miami?

How much is a 2-bedroom apartment in Miami?

What is the average price of utilities in Miami?

How much is child care in Miami?

Calculate Cost of Living Across US Cities

Homes For Sale Near Me

Refine your search filters to unlock a wide range of stunning homes. Your dream property is just a few clicks away!

Homes For Sale in Popular US Cities

Homes For Sale in Popular US Neighbourhoods

Homes For Sale FAQs

Find Homes For Sale Near You

Homes For Sale by Type and Style

Cost of Living in
Miami

Cost of Living in
Miami

Find your
dream home in Miami, FL